Consumers Value High-Quality Dirt Bikes at $6,000 and Low-Quality Dirt

question 63

Multiple Choice

Consumers value high-quality dirt bikes at $6,000 and low-quality dirt bikes at $2,500. The supply of used high-quality dirt bikes is Q_H = 0.5P_H - 2,000, while the supply of used low-quality dirt bikes is Q_L = P_L - 1,000. Potential buyers cannot distinguish the difference between the two. Buyers base their willingness to pay on the belief that half the used dirt bikes are high-quality. At the buyers' willingness to pay sellers will offer _____ high-quality bikes and _____ low-quality ones.

• A) 125; 3,250
• B) 2,000; 2,000
• C) 450; 900
• D) 3,000; 1,500

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Definitions:

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Job embeddedness describes the extent to which an employee is tightly connected to their job and organization through networks, fit with their job and community, and what they would sacrifice if they left.

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Voluntary actions by employees that are not part of their formal job requirements but contribute to the effective functioning of the organization.

Job Descriptive Index

A survey instrument that measures employee satisfaction across five dimensions: work, pay, promotions, supervision, and coworkers.

Suspension

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